FX: Overview

Introduction

The FX (Foreign Exchange) module provides programmatic access to currency conversion capabilities within the system. It supports a range of use cases from displaying indicative exchange rates to locking conversion rates for settlement and reconciliation.

This page introduces the key concepts, supported workflows, and integration options available when working with FX in the system.

Terms you need to know

Term	Description
Foreign Exchange (FX)	The process of converting one currency into another based on current market rates. FX is essential in cross-border transactions and currency conversions.
FX Rate Data Source	The origin of the exchange rate data, such as a central bank, commercial market feed, or internal treasury system. The source determines the reliability and intended use of the rate.
Base Currency	The currency being converted from. The exchange rate tells you how much of the quote currency equals one unit of the base currency.
Quote Currency	The currency being converted to. In an FX rate, it represents the amount received for one unit of the base currency.

Supported Currencies & FX Rate Data Sources

Endpoints

Endpoint	Short Name
POST /api/v1/foreign-exchange-rates/searches	Provide the latest FX Rates for the defined currency pair using the data from the defined FX Rate Data Source